Central Bank of Russia, Ministry of Finance to launch Cripto Exchange – Tradingview News

The Ministry of Finance of Russia and the Central Bank allegedly plan to launch a crypto exchange for qualified investors within the experimental legal regime.

The platform will be directed to “Super Qualified Investors,” said Ministry Ministry Ministry, in line with reports 23. April from Russia Media Group RBC and Russian news agencies Interfak.

“Together with the Central Bank, we will launch a CRIPTO exchange for super qualified investors. CRIPTO assets will be legalized, and the crypto operations will be derived from shadows,” said in the statement translated from Russians.

“Of course, it will not happen domestic, but as part of the operations allowed according to experimental legal regime.”

The Russian Central Bank announced a proposal 12. Marta to enable a limited number of Russian investors with a certain amount of funds to buy and sell cryptocurri such as Bitcoin Btcusd under a three-year experimental regime.

According to the proposal, the Bank created a new category of investors, super qualified investors, defined large and income thresholds of over 100 million rubles or annual income of at least 50 million rubles (602,000 dollars).

Super qualified definition of investors not set in stone

Deputy Director of the Ministry of Finance Ministry of the Ministry of the Ministry of Finance, Osman Kabaloev, said that the criteria for a super qualified investor were not yet final because they were floated in the early stages of discussions last year, according to RBC.

“It may be in this format or these indicators will be in a way in one direction or other – it is possible, I think there will be a wide range of discussions,” Kabaloev said in the statement translated from Russian.

Russia conducted a ban on using cryptocurrency such as bitcoin for payments under its first crypton law, which entered into force in January 2021. years.

However, the country has been trying to make other crypto since then. 16. April, Kabaloev said that the Kremlin should create his own Stablecoin after recent freezing on wallets related to the Sanctioned Russian Garranty Exchange by American authorities and the Temporary Issuer StableCoin.

Meanwhile, Evgeni Masharov, a member of the Russian Civic Chamber, proposed 20. Marta to create a Russian crypto fund that would include property seized from criminal proceedings.

At the same time, other officials have progressed with new cropto recognition legislation as assets for the purpose of criminal proceedings.